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Sir,
you said partial claims are available but in chapter 7 Question 5, you apportioned 9000 for the 14/15 period and 3000 for the 15/16 period . Can you please explain why didn’t you use the whole 12000 loss relief for the 14/15 and how did you decide to apportion the 12000 loss relief way you did ? Thank you in advance!You must firstly determine by using the relevant basis of assessment for each tax year how much loss arises in each tax year and then choose which relief to claim – I did not say that partial claims are allowed.
The answer shows you in the workings how we have established how much of the loss arises in each tax year!
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